Steward Partners Investment Advisory LLC Lowers Stock Position in Vodafone Group Public Limited (NASDAQ:VOD)

Steward Partners Investment Advisory LLC cut its stake in shares of Vodafone Group Public Limited (NASDAQ:VOD) by 6.5% in the 4th quarter, according to the company in its most recent disclosure with the Securities and Exchange Commission (SEC). The firm owned 59,787 shares of the cell phone carrier’s stock after selling 4,184 shares during the quarter. Steward Partners Investment Advisory LLC’s holdings in Vodafone Group Public were worth $508,000 as of its most recent SEC filing.

A number of other hedge funds and other institutional investors also recently bought and sold shares of the business. ABC Arbitrage SA acquired a new position in shares of Vodafone Group Public during the 4th quarter worth $22,646,000. JPMorgan Chase & Co. grew its holdings in Vodafone Group Public by 177.1% in the 3rd quarter. JPMorgan Chase & Co. now owns 3,356,455 shares of the cell phone carrier’s stock valued at $33,632,000 after buying an additional 2,145,085 shares during the period. Proficio Capital Partners LLC grew its holdings in Vodafone Group Public by 749.7% in the 4th quarter. Proficio Capital Partners LLC now owns 2,151,935 shares of the cell phone carrier’s stock valued at $18,270,000 after buying an additional 1,898,663 shares during the period. Oppenheimer & Co. Inc. grew its holdings in Vodafone Group Public by 1,119.6% in the 3rd quarter. Oppenheimer & Co. Inc. now owns 942,179 shares of the cell phone carrier’s stock valued at $9,441,000 after buying an additional 864,924 shares during the period. Finally, Bank of Montreal Can grew its holdings in shares of Vodafone Group Public by 12.4% during the 3rd quarter. Bank of Montreal Can now owns 4,277,581 shares of the cell phone carrier’s stock worth $43,161,000 after purchasing an additional 472,537 shares during the period. Institutional investors and hedge funds own 7.84% of the company’s stock.

Analyst Ratings Changes

Several research firms recently commented on VOD. StockNews.com raised Vodafone Group Public from a “hold” rating to a “buy” rating in a research report on Wednesday, March 5th. The Goldman Sachs Group downgraded Vodafone Group Public from a “buy” rating to a “neutral” rating in a research note on Monday, December 9th. Finally, DZ Bank upgraded Vodafone Group Public from a “hold” rating to a “buy” rating in a research note on Friday, March 7th. Two research analysts have rated the stock with a hold rating, three have issued a buy rating and one has assigned a strong buy rating to the stock. According to data from MarketBeat.com, Vodafone Group Public currently has an average rating of “Moderate Buy”.

Vodafone Group Public Stock Performance

NASDAQ:VOD opened at $9.16 on Thursday. The company has a 50-day moving average of $8.56 and a 200-day moving average of $9.07. The firm has a market cap of $23.26 billion, a price-to-earnings ratio of 8.04, a price-to-earnings-growth ratio of 0.66 and a beta of 0.75. The company has a current ratio of 1.37, a quick ratio of 1.34 and a debt-to-equity ratio of 0.78. Vodafone Group Public Limited has a twelve month low of $8.00 and a twelve month high of $10.39.

About Vodafone Group Public

Vodafone Group Public Limited Company provides telecommunication services in Europe and internationally. It offers mobile connectivity services comprising end-to-end services for mobile voice and data, messaging, device management, BYOx, and telecoms management, as well as professional and consulting services; and fixed line connectivity, such as fixed voice and data, broadband, software-defined networks, managed WAN, LAN, ethernet, and satellite; and financial services, as well as business and merchant services.